Acolin, ArthurGoodman, Laurie SWachter, Susan M2023-05-222023-05-222016-01-012017-08-29https://repository.upenn.edu/handle/20.500.14332/34521Between the 1940s and the 1960s, the U.S. homeownership rate increased by nearly 20 percentage points, from mid-40 to mid-60 percent. The self-amortizing 30-year, fixed-rate mortgage, introduced by the Federal Housing Administration/Veterans Administration (VA—now the U.S. Department of Veterans Affairs) transformed the United States from a nation of renters to a nation of homeowners (Acolin and Wachter, 2015; Fetter, 2013).Acolin, A., Goodman, L. S., & Wachter, S. M. (2016). A Renter or Homeowner Nation? A Renter or Homeowner Nation?, 18(1). © U.S. Department of Housing and Urban DevelopmentFinance and Financial ManagementArticle